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Bitcoin and Ethereum are leading the crypto ETF demand strongly, seeing major inflows amid 10-20% price surge in the last 24 hours. On Aug 19, spot Bitcoin ETFs saw daily inflows of over $500 million, for the first time since May 4. Similarly, inflows into spot Ethereum (ETH) ETFs surged to a staggering $186 million. It shows institutional sentiment is returning to market recovery.
Bitcoin ETFs Lead the Crypto ETF Sector With $517 Million Inflows
On August 19, US spot Bitcoin ETFs recorded net inflows of $517 million. This marked the highest daily inflows in the past three months since May 4. BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows with $284.74 million. The fund added 4,167 BTC worth $284.74 million, with trading volume reaching $5.4 billion, as per data from Farside Investors.
Ark Invest’s ARKB led the second-largest inflows at $77.71 million, followed by Fidelity’s FBTC with $62.41 million, and Bitwise’s BITB with $35.60 million. Other inflows included Grayscale’s GBTC at $21.18 million, Grayscale Bitcoin Mini at $19.66 million, Morgan Stanley’s MSBT at $9.98 million, and Franklin’s EZBC at $5.92 million.
This sudden surge in Bitcoin ETF inflows comes along with a sharp upside in BTC price. In the past 24 hours, Bitcoin price has surged above $72,000 for the first time since June 1. Moreover, leveraged liquidations have surged over $3.4 billion during this same period.
Blockchain analytics firm Glassnode reported that the perpetual futures demand has turned positive while the Bitcoin ETF flows are stabilizing. However, the Coinbase Premium remains negative, indicating that U.S. spot demand has yet to meaningfully recover. The firm added that Bitcoin’s rebound should be viewed as a local rally rather than a broader trend.
Spot Ethereum ETF Inflows Surge to $186 Million
As the ETH price is up by 20% in the last 24 hours, inflows into spot Ethereum ETFs also surged to $186 million on August 19. This is the highest daily inflow by all Ether ETFs combined, in the last nine months.
BlackRock’s ETHA led with $122.12 million in inflows, followed by Fidelity’s FETH at $36.54 million and Grayscale’s Ethereum Mini ETF at $16.04 million, as per data from Farside Investors.
Other inflows included BlackRock Staked ETHB at $9.71 million, Morgan Stanley’s MSSE at $2.25 million, Grayscale’s ETHE at $1.69 million, and Franklin’s EZET at $0.79 million.
ETH price is currently leading the altcoin market rally, gaining 20% in the last 24 hours. As of press time, ETH is trading at $2,263 with its market cap crossing $275 billion. Market experts like Michael van de Poppe believe that after such a sharp move, ETH price will likely consolidate before starting the next leg of the rally.
XRP, Solana Contribute to the Crypto ETF Party
Spot XRP ETFs recorded $5.81 million in net inflows on August 18, rebounding after reporting zero activity on Monday. The inflow marked the products’ strongest single-day performance since July 31. The five XRP ETFs now collectively hold approximately 1.5% of XRP’s circulating supply.
Meanwhile, Solana spot ETFs recorded $1.58 million in net inflows on August 19. Last week, asset manager Bitwise announced its partnership with Superstate to explore the tokenization of its Bitwise Solana Staking ETF (BSOL).
Furthermore, asset manager T. Rowe Price has added Cardano (ADA) to its Active Crypto ETF. This makes ADA a key holding alongside major assets such as Bitcoin and Ethereum.
